This isn't like asking an auto insurer to take on, or not charge more for, people who have been in accidents in the past.
This is more like getting into a car accident and then applying for car insurance and asking the insurance company to pay for the accident that already happened.
It's not a risk of loss, it's a loss.
That's not what insurance is.
Insurance is the pooling of risk. The actuarial tables say that out of 100,000 people, X% will get cancer, Y% will develop some other malady, etc...., and the premium rates are designed to ensure a modest operating profit if something slightly over the actuarial risks occur.
A pre-existing condition means that person is 100% likely to have the problem thus incur the costs. A few of those really throws off the model - 28 out of 1,000 is very different from 30 out of 1,002, when you consider that the premiums paid by everyone are supposed to offset the high costs incurred for the handful that do become ill.
2007-09-21
04:12:18
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11 answers
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asked by
Anonymous
in
Politics